Businesses with weak 2024 financials?
Wondering if any buyers or lenders are closing on businesses where the TTM or last fiscal year EBITDA are below the historical 3-5 year averages. I'd think banks would likely be leery of this dynamic, but I'm seeing quite a few businesses now where 2024 EBITDA was significantly weaker than theredactedperiod.
One business I'm keen on (for reasons beyond PnL) had a 2024 EBITDA that was half that of the prior 3 years.
Are these deals still getting traded at a multiples that nears the most recent 3 year average?